Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,897,627,212.20, representing a 5.97% increase compared to CNY 1,790,657,664.93 in the same period last year[28]. - The net profit attributable to shareholders for the first half of 2021 was CNY 193,062,567.06, which is a 21.14% increase from CNY 159,370,693.84 year-on-year[28]. - The net cash flow from operating activities decreased by 15.14% to CNY 113,456,516.12 from CNY 133,690,658.59 in the previous year[28]. - The total assets at the end of the reporting period were CNY 4,298,692,568.17, a 15.98% increase from CNY 3,706,513,611.31 at the end of the previous year[30]. - The net assets attributable to shareholders increased by 44.85% to CNY 2,678,376,387.97 from CNY 1,849,036,196.73 year-on-year[30]. - Basic earnings per share for the first half of 2021 were CNY 0.43, up 7.50% from CNY 0.40 in the same period last year[30]. - The weighted average return on net assets was 9.63%, a decrease of 0.19 percentage points compared to 9.82% in the previous year[30]. - The company reported non-operating income of CNY 4,243,384.25 from government subsidies closely related to its normal business operations[31]. Operational Risks - The company reported a significant reliance on government pricing for natural gas, which may lead to financial impacts if prices are not adjusted timely in response to market changes[10]. - The company is primarily dependent on PetroChina for natural gas supply, and any significant reduction in supply could adversely affect operations[10]. - The company has acknowledged potential risks related to pipeline damage and safety incidents that could disrupt operations[10]. - The company has established a multi-source natural gas pipeline network, but remains vulnerable to risks associated with reliance on key suppliers[10]. - The company faces competition from alternative energy sources, including wind and solar, which could impact its market position[10]. Strategic Plans and Expansion - The company plans to expand its operations beyond Henan province through new construction and acquisitions, although current capital limitations may hinder this expansion[10]. - The company is focused on expanding its natural gas pipeline infrastructure to enhance service delivery and operational efficiency[28]. - Future strategies include leveraging new technologies and market expansion to drive growth in the natural gas sector[28]. - The company is committed to maintaining its strategic investments and exploring new market opportunities in the upcoming quarters[123]. - The company's management indicated plans for potential market expansion and new product development in the future[123]. Financial Integrity and Governance - The company has not reported any non-operational fund occupation by controlling shareholders, ensuring financial integrity[10]. - The company has implemented governance measures to mitigate risks associated with the influence of its actual controller[10]. - The company has established effective management practices and communication channels with regulatory bodies, ensuring compliance and operational efficiency[40]. - The company has not faced any significant environmental penalties and complies with national and local environmental regulations[72]. - The company and its controlling shareholders have a good credit status, with no outstanding obligations from court judgments[86]. Shareholder Information - The company completed its initial public offering, increasing its total shares from 39,720,200 to 46,270,200, with 6,550,000 new shares issued[101]. - The largest shareholder, Henan Lantian Group Co., Ltd., holds 243,423,000 shares, which are all restricted[108]. - Li Xinhua, the second-largest shareholder, holds 33,400,000 shares, representing 7.22% of total shares, with 12,256,000 shares pledged[108]. - The company plans to lift the lock-up period for certain restricted shares on July 29, 2024[104]. - The company has extended the lock-up period for shares due to price-triggered commitments[105]. Cash Flow and Investments - The net cash flow from financing activities increased significantly by 305.65% to CNY 582.87 million, largely due to the public issuance of shares[51]. - The cash inflow from investment activities was CNY 805,860,708.45, compared to CNY 22,875,604.13 in the previous year, indicating a substantial increase[149]. - The total cash outflow for investment activities was 702,648,937.75 RMB, compared to 40,713,851.99 RMB in the previous year[155]. - The company received CNY 866,940,000.00 from new investments during the first half of 2021[155]. Compliance and Accounting - The financial statements were prepared based on the going concern assumption, adhering to the relevant accounting standards[181]. - The company's financial statements comply with the requirements of the enterprise accounting standards, reflecting the financial position, operating results, changes in equity, and cash flows accurately[187]. - The accounting policies are based on the accrual basis, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[183]. - The group recognizes financial assets or liabilities when it becomes a party to a financial instrument contract[200].

2021 年第一季度报告 公司代码：605368 公司简称：蓝天燃气 河南蓝天燃气股份有限公司 2021 年第一季度报告 1 / 19 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈启勇、主管会计工作负责人赵鑫及会计机构负责人（会计主管人员）孔丽娟保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|-------------- ...

Financial Performance - The company's operating revenue for 2020 was CNY 3,551.84 million, a decrease of 2.22% compared to 2019[33]. - The net profit attributable to shareholders of the listed company in 2020 was CNY 332.83 million, an increase of 2.11% year-on-year[33]. - The net cash flow from operating activities for 2020 was CNY 591.84 million, down 2.57% from the previous year[33]. - The total assets at the end of 2020 were CNY 3,706.51 million, a decrease of 1.00% compared to the end of 2019[33]. - The net assets attributable to shareholders of the listed company increased by 8.08% to CNY 1,849.04 million by the end of 2020[33]. - The basic earnings per share for 2020 was CNY 0.84, reflecting a 2.44% increase from 2019[34]. - The weighted average return on equity for 2020 was 18.92%, a decrease of 1.35 percentage points from 2019[37]. - The company's total revenue for the year was approximately 9.06 billion RMB, a decrease from 11.66 billion RMB in the previous year, reflecting a decline of about 22%[41]. - The company reported a net loss of approximately 3.02 million RMB due to various non-operating expenses, compared to a loss of about 2.40 million RMB in the previous year[41]. Dividend Policy - The company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling 231,351,000 RMB (including tax) for the 2020 fiscal year[7]. - The company has a cash dividend policy that mandates a minimum of 30% of the distributable profits to be distributed as cash dividends annually, provided there are no major investment plans or significant cash expenditures[101]. - In 2020, the company distributed a total of 231,351,000 RMB in cash dividends, which accounted for 69.52% of the net profit attributable to ordinary shareholders[105]. - The cash dividend for 2019 was 198,601,000 RMB, representing 60.93% of the net profit attributable to ordinary shareholders[105]. - The cash dividend for 2018 was 158,880,800 RMB, which was 53.58% of the net profit attributable to ordinary shareholders[105]. - The company prioritizes cash dividends over stock dividends when conditions for cash distribution are met[101]. Audit and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong Accounting Firm[5]. - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[4]. - The company has committed to ensuring the financial report's authenticity, accuracy, and completeness[6]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has no instances of more than half of the directors being unable to guarantee the authenticity of the annual report[9]. - The company has not reported any overdue guarantees or potential joint liability for unexpired guarantees[127]. - The company has not disclosed any significant related party transactions or guarantees during the reporting period[124]. Operational Efficiency and Strategy - The company has implemented advanced automated scheduling and management systems to improve operational efficiency and reduce costs[50]. - The company improved operational efficiency by optimizing processes and utilizing online platforms for better communication[56]. - The company has established a stable gas supply advantage by signing procurement agreements with multiple suppliers, including PetroChina and Sinopec, ensuring a reliable gas source[50]. - The company has expanded its long-distance pipeline network, enhancing its coverage to central and northern Henan, thereby increasing its market presence[50]. - The company aims to enhance its gas supply capacity and efficiency in response to national energy policies promoting cleaner energy[86]. - The company plans to continue expanding its market presence and invest in new technologies and products in the upcoming years[1]. Risks and Challenges - The company has outlined major operational risks in the report, advising investors to be cautious[11]. - The report includes forward-looking statements regarding future plans and strategies, highlighting potential investment risks[8]. - The company is aware of risks related to government pricing policies that may affect its financial performance[95]. - The company faces risks from reliance on key suppliers, particularly if there are significant supply reductions from major suppliers like PetroChina[95]. - The company recognizes the risk of competition from alternative energy sources, including coal and renewable energy[95]. - The company acknowledges the potential impact of changes in national gas industry policies on its competitive advantage[95]. Shareholder Structure - The largest shareholder, Henan Lantian Group Co., Ltd., holds 61.28% of the shares, amounting to 243.423 million shares[158]. - The actual controller, Li Xinhua, directly holds 8.41% of the company's shares and controls 64.08% of Lantian Investment, which in turn holds 100% of Lantian Group[169]. - The top ten shareholders include Henan Lantian Group with 243,423,000 shares and Li Xinhua with 33,400,000 shares[162]. - The company has no other significant shareholders holding more than 10% of shares[170]. - There are no changes in the controlling shareholder during the reporting period[166]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,358[199]. - The company maintains a stable level of employee compensation and benefits during the reporting period[200]. - The compensation for independent directors is set at 60,000 yuan per year, while senior management compensation is based on performance evaluations[195]. - The total pre-tax remuneration for the chairman and general manager, Chen Qiyong, is 330,400 RMB[175]. - The educational background of employees includes 6 with master's degrees, 307 with bachelor's degrees, 619 with associate degrees, and 426 below associate degree level[199]. Future Outlook - The company plans to achieve a sales revenue of 4.453 billion yuan and a net profit of 351 million yuan in 2021[91]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 100 million allocated for potential deals[181]. - The company provided guidance for 2021, projecting a revenue growth of 10% to 12%, aiming for a total revenue between 1.65 billion and 1.68 billion[187]. - New product launches are expected to contribute an additional 200 million in revenue in 2021, focusing on innovative technology solutions[187]. - The company is investing 50 million in R&D for new technologies aimed at enhancing operational efficiency[181].